The food-delivery business has seen lots of ups and downs this year — shutdowns, layoffs, consolidations — as consumers resume their pre-pandemic ways. Now, data and insider commentary about the Read more
Tag: CMG
Dow rises around 300 points as investors shake off weak tech earnings, assess pace of Fed rate hikes
U.S. stocks were mostly higher Wednesday as investors shook off disappointing results from tech behemoths Microsoft and Alphabet, while the Bank of Canada delivered a smaller-than-expected rate hike. How are Read more
Chipotle stock climbs higher as chain beats earnings expectations, continues growth
Chipotle Mexican Grill Inc. on Tuesday reported continued growth, with third-quarter profit beating analysts’ expectations. Chipotle CMG, +2.47% shares rose almost 4% in extended trading, after rising 2.7% in the Read more
New union rallies at Uber HQ with ‘a core goal of winning union rights for gig workers’
Ride-hailing drivers, delivery workers and their supporters on Wednesday converged in front of Uber Technologies Inc.’s San Francisco headquarters to announce that they have formed a union. The California Gig Read more
U.S. stocks open higher ahead of Fed decision, investors give a pass to earnings misses from Alphabet and Microsoft
U.S. stock indexes opened higher Wednesday, ahead of a Federal Reserve interest rate decision while investors digested earnings reports from some of the biggest S&P 500 index companies. What’s happening Read more
Chipotle stock rallies after price increases shield chain from rising costs
Shares of Chipotle Mexican Grill Inc. rallied more than 8% in after-hours trading Tuesday after the fast-casual restaurant chain beat Wall Street’s quarterly expectations as menu price increases took out Read more
Robots are making french fries, chicken wings and more as restaurant kitchens gear up for an automated future
One of the first investments from Chipotle Mexican Grill Inc.’s venture fund Cultivate Next is in Hyphen, a San Jose, Calif.-based robotics company whose product, The Makeline, organizes digital orders Read more